Royal Bank of Scotland

  www.rbs.com
  www.rbs.com
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Royal Bank of Scotland Reviews

Updated September 19, 2014
Updated September 19, 2014
703 Reviews
3.1
703 Reviews
Rating Trends

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Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
55 Ratings

Review Highlights

Pros
  • Work-life balance is fair and constant monitoring of your growth as an individual here (in 163 reviews)

  • Nice work environment at Stamford CT, state of the art building and work spaces (in 33 reviews)


Cons
  • Work life balance is pathetic for some departments (in 16 reviews)

  • Commute, Poorly managed areas and senior management constantly change gears (in 27 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Risk Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  Stamford, CT
    Current Employee - Vice President in Stamford, CT

    I have been working at Royal Bank of Scotland full-time for more than 3 years

    Pros

    The Bank has a very good group of people, but it is losing them to the competition as it is failing to keep up with compensation. (4 Years without bonus and salary increase)

    Cons

    No Annual salary increase
    No bonus
    No promotions

    Advice to ManagementAdvice

    Reward your people or keep watching them walk out the door......

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Software Associate

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland

    Pros

    Good salaries and benefits, good work life balance

    Cons

    Low hikes, too much bureaucracy

  3.  

    Supportive culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland full-time

    Pros

    Senior managers are approachable. There is mentoring program as well

    Cons

    Sometimes things are slow to be done. And you could not find the person you want.

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  5. 1 person found this helpful  

    Government ownership affecting Morale and Comp and in fine it's a negative drag on personal dev. and quality of work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Associate  in  Stamford, CT
    Current Employee - Associate in Stamford, CT

    I have been working at Royal Bank of Scotland full-time for more than 3 years

    Pros

    Relatively High Base Salary. Good presence in the fixed income and wholesale markets which offers an edge in client relationships.

    Cons

    Low morale, teamwork or focus on developing junior members. Low to nonexistent bonus. Reverse commute to Stamford (total of 2hrs a day).

    Advice to ManagementAdvice

    Higher focus on personal and career development of Analysts, Associates and VPs. Break down of bureaucracy barriers. More morale boosting initiatives, and more focus on clients and revenue generation / synergy creation to balance out the flooding of new compliance initiatives.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    I worked with a great group of professionals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland as a contractor for more than 3 years

    Pros

    Great opportunity to be exposed to new projects and new ideas. Easy to take a leadership role and get feedback on performance.

    Cons

    The culture does not encourage decision making. There are far too many hoops and processes to jump through for the simplest of decisions.

  7.  

    I was a summer analyst in corporate finance/capital markets area in their U.S. headquarters.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Summer Analyst  in  Stamford, CT
    Former Employee - Summer Analyst in Stamford, CT

    I worked at Royal Bank of Scotland as an intern for less than a year

    Pros

    Can make descent money, great hours compared to other investment banks,

    Cons

    In stamford ct., don't do much advising pretty much just provide financing, not terribly interesting people

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Excellent US operation hampered by financially troubled parent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland full-time for more than a year

    Pros

    Global name recognition, great benefits, top rated employees

    Cons

    Limited US footprint, not much innovation going on.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 5 people found this helpful  

    Worst Work Experience of My Life!!! Possible Employees Beware!!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager  in  Salt Lake City, UT
    Former Employee - Manager in Salt Lake City, UT

    I worked at Royal Bank of Scotland full-time for less than a year

    Pros

    Good starting base pay, and work life balance. That's about it.

    Cons

    Horrible Management, Culture (i.e. Nobody cares about their job). Very petty work environment. No direction from Upper Management.

    Advice to ManagementAdvice

    Hires more competent Directors, V.P.s, etc.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Was Outstanding...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trader  in  Stamford, CT
    Current Employee - Trader in Stamford, CT

    I have been working at Royal Bank of Scotland full-time for more than 5 years

    Pros

    ...prior to the government takeover. My review is based on that timeframe, which I understand is very different from now. Excellent pay and bonuses. Managers that had reasonable expectations and looked out for their employees. Allowed a lot of latitude to do the job as seen best fit. The very best earned promotions, the average kept their jobs, the worst got removed- just the way it should be. Outstanding benefits even compared to peer group.

    Cons

    Upper management all in the UK, which meant USA employees sometimes felt left out. Missteps by a few cost a lot of people money and jobs.

    Advice to ManagementAdvice

    Things are different from when I was there so no comment.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Challenging

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance Analyst  in  Stamford, CT
    Current Employee - Compliance Analyst in Stamford, CT

    I have been working at Royal Bank of Scotland full-time for more than a year

    Pros

    High turnover therefore opportunities to step up and learn abound. Easy access to senior management if you are willing to put in work.

    Cons

    Poor pay, no raises or bonuses. Terrible commute from NYC. Bureaucracy.

    Advice to ManagementAdvice

    Compensation needs to be improved.

    Doesn't Recommend
    Negative Outlook

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